Your old car has been like a friend to you. It’s taken you places both near and far. But now it’s getting rusty and starting to make noises. It’s time to decide if your old car is worth fixing or if it’s time to starting shopping for a new car.
Most people tend to hold onto their cars until they need a major repair or they find themselves stranded on the side of the road. Then they have to make a tough decision. Is it worth spending over a $1000 for a head gasket or new transmission, when there is no guarantee that the car won’t break down again soon. But if you buy a new car then you will have a car payment to pay. Here are a few things that may help you decide what to do.
Car Insurance Costs
Car insurance coverage may actually cost less on a new car than an older one. This is because cars are made safer and safer each year.